Urgent need to have a Parliamentary Select Committee on Corruption and Abuses and Wastage of Public Funds with revelation of  RM40 billion to RM60 billion losses due to corruption every year

There is an urgent need to have a Parliamentary Select Committee on Corruption and Abuses/Wastage of Public Funds with the revelation of RM40 billion to RM60 billion losses in Malaysia due to corruption every year.

According to #RasuahBusters team leader Datuk Hussamuddin Yaacub, based on the Global Financial Integrity Report 2017,  Malaysia  lost a whopping RM1.8 trillion between 2005 and 2014, partly due to corrupt practices that have resulted in illicit financial flows. 

Hussamuddin said this figure could have been utilised for public welfare and five sets of Budget 2020 that would benefit the public. 

He said that the country can save up to RM400 billion, if Malaysia pay 30% less for goods and services provided by contractors and vendors in the 12th Malaysia Plan.

These are gargantuan figures which warrant the formation of a parliamentary select committee on corruption and abuses and wastage of public funds before the end of the current Parliamentary session.

This is urgent and imperative especially as Malaysians are waiting in dread for the Transparency International (TI) Corruption Perception Index (CPI) 2021 early next year, where Malaysia is expected to ranked and scored poorly, reflecting  a worsening of the anti-corruption effort in Malaysia in the past year.

The Parliamentary Select Committee on Corruption and Abuses/Wastage of Public Funds should conduct an investigation into the Global Financial Integrity Reports as well as the poor ranking and scoring of Malaysia in the TI CPI  reports.

The time has come for Malaysians to demand greater transparency and accountability on the subject, especially with the superfluous appointment of advisers for the Prime Minister when he had Cabinet Ministers looking after the portfolio, the appointment of superfluous envoys for regions  when there are ambassadors appointed to each country, and the appointment of “dud” GLC  appointmnents.

For instance, is it true that the Prime Minister’s special envoy  to the Middle East has been banned from Saudi Arabia and had never visited Saudi Arabia for the whole term of his appointment?

If so, what kind of a special envoy to the Middle East is this?

Lim Kit Siang

MP for Iskandar Puteri